Sugar Output Declines to 25.53 MT in 2023-24: ISMA

By By Rediff Money Desk, NEWDELHI
Mar 04, 2024 15:03
India's sugar production fell by 1.19% to 25.53 million tonnes in the current marketing year, ISMA reports. Production in Maharashtra, Karnataka, Gujarat, and Tamil Nadu remained lower.
New Delhi, Mar 4 (PTI) The country's sugar production declined 1.19 per cent to 25.53 million tonne so far in the ongoing 2023-24 marketing year,

industry body ISMA said on Monday.

Sugar production stood at 25.84 MT till February in the year-ago period. Sugar marketing year runs from October to September.

In its second estimate, the Indian Sugar Mills Association (ISMA) has projected sugar output to decline by 10 per cent to 33.05 MT in the current 2023-24 marketing year as against 36.62 MT in the previous year.

According to ISMA, sugar production in Maharashtra, Karnataka, Gujarat, and Tamil Nadu remained lower till February of the ongoing marketing year.

However, sugar output in Uttar Pradesh -- the country's second largest producer of the sweetener -- was higher at 7.81 MT as against 7 MT in the period under review.

The production in Maharashtra -- the country's largest producer of sugar -- was down at 9.09 MT till February of this marketing year, compared with 9.51 MT in the year-ago period.

Similarly, the production in Karnataka -- the country's third largest producer -- was down at 4.7 MT from 5.12 MT in the period.

Sugar output reached 7,70,000 tonne in Gujarat and 5,80,000 tonne in Tamil Nadu so far this marketing year.

Around 466 factories were operating till February of the current marketing year as against 447 in the year-ago period.

"In the current season, rate of closure of mills in Maharashtra and Karnataka is slower than last year, indicating that tail of the season could be longer this year in these states," ISMA said.

So far, a total of 49 factories have closed across these two states this year as against 74 factories closed in the year-ago period, it said.

Overall, 65 factories have closed their crushing operations across the country as against 86 in the year-ago period.
Read More On:
sugar productionismasugar industryindiamarketing yearsugar outputsugar millssugarcaneagriculturefood industry
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Sebi Recovers Rs 18.14 Cr from 'Baap of Chart'

Sebi initiates recovery of Rs 18.14 crore from Mohd Nasiruddin Ansari ('Baap of Chart')...

Protean Invests in NSDL Payments Bank

Protean eGov Technologies acquires 4.95% stake in NSDL Payments Bank for Rs 30 crore....

Rare Earth Magnet Scheme: Rs 7,280 Cr Boost

India announces Rs 7,280-cr scheme to boost domestic manufacturing of rare earth...

India Travel Boom 2025: Gen Z & Affordability

Report reveals Gen Z & affordability driving India's travel boom in 2025. Top...

Tatas Gift SUVs to Women Cricketers

Tata Group gifts SUVs to World Cup-winning women's cricket team. Chandra says victory...

Hexaware Appoints Raghu Mocherla to Lead AI & CPS

Hexaware Technologies appoints Raghu Mocherla to lead cyber-physical software and...

Rupee Depreciation: Axis Bank Economist Analysis

Axis Bank chief economist Neelkanth Mishra on rupee depreciation, RBI strategy, and...

Tata AIA, Temasek Invest in SBFC Finance

Tata AIA Life & Temasek acquire 1.4% stake in SBFC Finance for Rs 161 cr via open...

RBI Restricts Loknete Bank: Withdrawal Ban Imposed

RBI imposes restrictions on Loknete RD Kshirsagar Sahakari Bank, including withdrawal...

Cyclone Ditwah: Sri Lanka Infrastructure Damage

Cyclone Ditwah caused Rs 75 billion damage to Sri Lanka's roads, bridges, power & water...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com